news & Events
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International Credit Union Day Celebrations
Thursday, October 12 - Thursday, October 26, 2017
Location: Click View Details Below for Celebration Locations
International Credit Union Day is fast approaching and we will be hosting events from October 12 until October 26! Join us in celebrating everything that makes credit unions so great!View Details >
ACH Notice to Members
Beginning September 15, 2017, People’s Trust will be changing our ACH transactions from processing once a day to processing three times a day. ACH or Automated Clearing House is an electronic payment that directly debits your checking or savings account for bill payment. Electronic payments can be set up as a one-time or recurring payment. Some merchants process debit card transactions as an ACH.
As a convenience to members, running transactions three times a day will provide a more accurate account balance and will show online statements with current transactions. The ACH process will remain the same. We will process the deposit first, followed by the withdrawal, so accounts won’t be negative if a bill is scheduled the same day a paycheck has arrived. However, when a merchant receives payment will vary. A credit card transaction can take 2-3 days, and ACH billing can take 3-5 days, which is normal for all ACH transactions.
ACH transactions are a benefit for all People’s Trust members that allows them to make worry-free bill payments. If you do not wish to share your account number with merchants, you can pay all your bills using our HomeBranch Online Banking.
What you need to remember:
- Credit and Debit ACH’s will post three (3) times a day as of Sept. 15, 2017
- Credits will post before Debits
Please Note: The above change from one to multiple postings per day is a requirement of the Federal Reserve and not something People's Trust elected to do on their own.